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Stock indexes listless...Oil prices edge higher... Zinke promises review of Interior's coal leasing program

By The Associated Press | Posted - Mar. 4, 2017 at 11:23 a.m.



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UNDATED (AP) — There are growing expectations that the Federal Reserve will raise interest rates soon. But stock indexes only climbed slightly higher on Friday after a day of mostly listless trading. The Dow Jones industrial average rose more than two points to close at 21,005. The S&P 500 gained one point to 2,383 and the Nasdaq added over nine points to 5,870. Small-company stocks fell. The Russell 2000 index slipped just over 1 point to end the day at 1,394.

UNDATED (AP) — Oil futures are rising. Benchmark U.S. crude gained 72 cents, or 1.4 percent, to close at $53.33 a barrel in New York on Friday. Meanwhile, Brent crude, used to price international oils, added 82 cents, or 1.5 percent, to close at $55.90 a barrel in London.

PALM BEACH, Fla. (AP) — The Keystone XL oil pipeline won't use American steel in its construction, despite what President Donald Trump says. A White House spokeswoman says that's due to language in a presidential directive Trump issued in January. She says the directive applies to new pipelines or those being repaired. She says it would be hard to do an about face on Keystone because it's already under construction and the steel has been acquired.

WASHINGTON (AP) — Interior Secretary Ryan Zinke (ZIN'-kee) is promising a comprehensive review of the agency's coal leasing program, even as President Donald Trump moves to do away with an Obama administration moratorium on new coal leases on federal lands. Zinke says he'll "look at everything across the board" on coal, adding that the department is likely to revamp the leasing program to ensure maximum value for coal companies and taxpayers.

UNDATED (AP) — Federal regulators have approved the first drug to reduce nighttime trips to the bathroom. The treatment is a nasal spray intended for adults who wake up at least twice a night to urinate. The Food and Drug Administration says the spray, called Noctiva, is not approved to treat all causes of frequent nighttime urination, so doctors must determine the cause and best treatment for each person.

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The Associated Press

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